Americas Silver (TSE:USA) Sets New 52-Week Low – Should You Sell?

Americas Silver Corp (TSE:USA)’s stock price hit a new 52-week low during mid-day trading on Wednesday. The company traded as low as C$4.96 and last traded at C$4.97, with a volume of 576,788 shares trading hands. The stock had previously closed at C$5.06.

Analyst Upgrades and Downgrades

A number of brokerages have commented on USA. Stifel Nicolaus set a C$12.00 price target on Americas Silver and gave the stock a “buy” rating in a research note on Wednesday, October 14th. National Bank Financial raised Americas Silver to a “strong-buy” rating in a research note on Thursday, October 8th. Finally, TD dropped their price objective on Americas Silver from C$12.00 to C$11.00 and set a “buy” rating for the company in a research note on Monday, June 29th. Three equities research analysts have rated the stock with a Strong Buy rating and four have issued a Buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of C$12.57.

Americas Silver Stock Performance

The business has a fifty day moving average of C$6.77 and a 200-day moving average of C$7.16. The company has a market cap of C$1.68 billion, a PE ratio of -27.56 and a beta of 3.17. The company has a current ratio of 1.62, a quick ratio of 0.19 and a debt-to-equity ratio of 18.83.

Insider Activity at Americas Silver

In related news, Director Shirley Eleanor In’t Veld sold 7,132 shares of the company’s stock in a transaction that occurred on Friday, September 25th. The stock was sold at an average price of C$6.73, for a total transaction of C$47,998.36. Following the completion of the transaction, the director owned 6,202 shares in the company, valued at C$41,739.46. This represents a 53.49% decrease in their ownership of the stock. 0.86% of the stock is currently owned by corporate insiders.

About Americas Silver

Americas Gold and Silver Corporation engages in the acquisition, evaluation, exploration, development, and operation of mineral properties. The company explores for silver, lead, zinc and copper. It principally owns 100% interests in the Cosalá Operations consisting of 67 mining concessions that cover approximately 19,385 hectares located in the state of Sinaloa, Mexico; and Galena Complex situated near the town of Wallace in the state of Idaho, the United States. The company was formerly known as Americas Silver Corporation and changed its name to Americas Gold and Silver Corporation in September 2019.